Saudi Arabia (SAU) and Guatemala (GTM) Trade | The Observatory of Economic Complexity

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Saudi Arabia-Guatemala Trade: In 2023, Saudi Arabia exported $22.9M to Guatemala. The main products that Saudi Arabia exported to Guatemala were Propylene Polymers ($11.2M), Ethylene Polymers ($7.04M), and Glass Bottles ($1.57M). Over the past 5 years the exports of Saudi Arabia to Guatemala have decreased at an annualized rate of 20.3%, from $71M in 2018 to $22.9M in 2023.

In 2023, Saudi Arabia did not export any services to Guatemala.

Guatemala-Saudi Arabia Trade: In 2023, Guatemala exported $119M to Saudi Arabia. The main products that Guatemala exported to Saudi Arabia were N/A. Over the past 5 years the exports of Guatemala to Saudi Arabia have decreased at an annualized rate of 1.19%, from $126M in 2018 to $119M in 2023.

In 2023, Guatemala did not export any services to Saudi Arabia.

Comparison: In 2023, Saudi Arabia ranked 36 in the Economic Complexity Index (ECI 0.76), and 26 in total exports ($300B). That same year, Guatemala ranked 73 in the Economic Complexity Index (ECI -0.21), and 86 in total exports ($15.4B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Saudi Arabia exported $22.9M to Guatemala. The main products exported from Saudi Arabia to Guatemala were Propylene Polymers ($11.2M), Ethylene Polymers ($7.04M), and Glass Bottles ($1.57M). During the last 5 years the exports of Saudi Arabia to Guatemala have decreased at an annualized rate of 20.3%, from $71M in 2018 to $22.9M in 2023.

In 2018, Guatemala exported $119M to Saudi Arabia. There were not main exports from Guatemala to Saudi Arabia in 2018. During the last 5 years the exports of Guatemala to Saudi Arabia have decreased at an annualized rate of 1.19%, from $126M in 2023 to $119M in 2018.

Exports from Saudi Arabia () to Guatemala () (2023)

Exports from Guatemala () to Saudi Arabia () (2023)

Latest Data

Trade between Saudi Arabia () and Guatemala ()

Saudi Arabia Exports

Date

Guatemala Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Saudi Arabia
Top DestinationChina$64.4B

Guatemala
Top DestinationUnited States$5.16B

This map shows whether countries import more from Saudi Arabia or Guatemala. Each country is colored based on the difference in imports they receive from Saudi Arabia and Guatemala or the difference in the growth in imports.

In 2023, countries that imported more from Saudi Arabia than Guatemala included China ($64.4B), India ($34.8B), and Japan ($34.7B).

In 2023, countries that imported more from Guatemala than Saudi Arabia included El Salvador ($1.73B), Honduras ($1.42B), and Nicaragua ($939M).

Difference in imports from Guatemala () and Saudi Arabia () (2023)

Comparative Advantage Saudi Arabia - Guatemala

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

This chart compares trade between Saudi Arabia and Guatemala by product, considering products traded by both, Saudi Arabia and Guatemala.

During 2023, Saudi Arabia had a large net trade with Guatemala in the exports of Plastics and Rubbers ($19.8M), Stone And Glass ($1.64M), and Mineral Products ($703k).

During 2018, Guatemala had a large net trade with Saudi Arabia in the exports of Vegetable Products ($116M), Textiles ($1.09M), and Foodstuffs ($438k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Saudi Arabia Guatemala+$9.6MEthylene Polymers

Top Product Potential Guatemala Saudi Arabia+$4.82MCoffee

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Saudi Arabia and Guatemala. This means that a dot/product with the flag of Saudi Arabia indicates it has a comparative advantage over Guatemala. Similarly, a dot/product with the flag of Guatemala indicates it has a comparative advantage over Saudi Arabia.

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Historical Data

Bilateral Trade by Products

Exports from Saudi Arabia () to Guatemala () (2023)

Exports from Guatemala () to Saudi Arabia () (2023)

Latest Data

Trade between Saudi Arabia () and Guatemala ()

Saudi Arabia Exports

Guatemala Exports

Market Competitiveness

Difference in imports from Guatemala () and Saudi Arabia () (2023)

Comparative Advantage Saudi Arabia - Guatemala

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Saudi Arabia () and Guatemala () (2023)

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